Saudi Electricity Awarded Global Certificate in Innovation

The Saudi Electricity Company. (SPA)
The Saudi Electricity Company. (SPA)
TT
20

Saudi Electricity Awarded Global Certificate in Innovation

The Saudi Electricity Company. (SPA)
The Saudi Electricity Company. (SPA)

The Saudi Electricity Company has obtained a golden classification of accreditation certificate from the British Society for Ideas of Creativity and Innovation, becoming the first facility in the Kingdom to receive such a global certificate, reported the Saudi Press Agency on Monday.

The awards were announced at the 32nd conference of the British Society of Ideas.

Eng. Yasser Al-Mutawa, from the Ghazlan Power Plant, won second prize in the financial category of the Innovators' Awards for his invention to solve a water pipe problem at the station. His innovation contributed in saving SR6 million.

Eng. Sadiq Al-Abbad, from Al-Qariyah power plant, ranked second in the innovation category for coming up with a solution to leaking pipes in the plant. His contribution helped shorten the period of repair of malfunctioning pipes from 120 to 5 minutes.

In addition, the Saudi Electricity Company ranked second in the financial category and innovation category.

Abdulrahman Al-Obaid, Senior Vice President of Human Resources at the company, received the accreditation certificate.

The British Ideas Society for Innovation praised the company for supporting creative ideas in the Kingdom.

Al-Obaid said that this classification reflects the firm’s support for innovation programs for more than 15 years.



French Companies Seek to Invest $947 Million in Malaysia

The sun sets behind the Petronas Twin Tower in Kuala Lumpur, Malaysia, Monday, June 30, 2025. (AP Photo/Vincent Thian)
The sun sets behind the Petronas Twin Tower in Kuala Lumpur, Malaysia, Monday, June 30, 2025. (AP Photo/Vincent Thian)
TT
20

French Companies Seek to Invest $947 Million in Malaysia

The sun sets behind the Petronas Twin Tower in Kuala Lumpur, Malaysia, Monday, June 30, 2025. (AP Photo/Vincent Thian)
The sun sets behind the Petronas Twin Tower in Kuala Lumpur, Malaysia, Monday, June 30, 2025. (AP Photo/Vincent Thian)

Several French companies seek to invest a total of 4 billion ringgit ($947 million) in Malaysia after a trade delegation led by Prime Minister Anwar Ibrahim met with 40 industry representatives in France on Friday, according to Malaysia's Ministry of Investment, Trade and Industry.

The companies intend to invest in industries including high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure, the ministry said in a statement on Sunday.

Malaysia sees potential exports of RM675 million for the aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries.

After visiting France, Anwar headed to Rio de Janeiro to attend the BRICS summit. He will meet with Indian Prime Minister Narendra Modi on the sidelines of the meeting on Sunday, Malaysia’s Bernama news agency reported.